Okta shares rally on strong earnings as Jefferies analysts see room for revenue upside [Yahoo! Finance]
Okta, Inc. - Class A (OKTA)
Last okta, inc. - class a earnings: 3/5 04:05 pm
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Source: Yahoo! Finance
Okta Inc (NASDAQ:OKTA) 's latest quarterly results showed solid growth in key metrics, with analysts at Jefferies highlighting that the company appears to be prioritizing accelerating revenue growth even if it comes at the expense of near-term margins. In a note following the results, Jefferies maintained a ‘Buy' rating on the identity management company and a $105 price target. Shares traded up almost 11% at $79 on Thursday afternoon. The firm described the fourth quarter as strong, highlighting that current remaining performance obligations (cRPO) growth of 11.8% year-over-year beat consensus expectations by about three percentage points. Analysts also said Okta's fiscal 2027 revenue outlook came in slightly ahead of expectations once the impact of declining professional services revenue is considered. “While FY27 operating margin guidance was modestly disappointing, it's evident the No. 1 priority is accelerating growth,” Jefferies wrote, adding that the company's valuatio
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OKTA
News
- Okta (OKTA) had its price target raised by JPMorgan Chase & Co. from $102.00 to $103.00. They now have an "overweight" rating on the stock.MarketBeat
- Okta (OKTA) had its price target lowered by Canaccord Genuity Group Inc. from $120.00 to $95.00. They now have a "buy" rating on the stock.MarketBeat
- Okta (OKTA) had its price target lowered by Citigroup Inc. from $100.00 to $87.00. They now have a "neutral" rating on the stock.MarketBeat
- Okta (OKTA) had its price target lowered by Oppenheimer Holdings, Inc. from $120.00 to $110.00. They now have an "outperform" rating on the stock.MarketBeat
- Okta (OKTA) had its price target lowered by Scotiabank from $85.00 to $80.00. They now have a "sector perform" rating on the stock.MarketBeat
OKTA
Earnings
- 3/4/26 - Beat
OKTA
Sec Filings
- 3/5/26 - Form S-8
- 3/5/26 - Form 10-K
- 3/4/26 - Form 8-K
- OKTA's page on the SEC website